Landmark Supermarket Shuts Doors in 2025, Leaving Residents Bereft
Introduction
As the iconic Causeway Point shopping center prepares to bid farewell to one of its anchor tenants, Cold Storage, residents and regular shoppers are left reeling in disbelief. The beloved supermarket chain has been a cornerstone of the Causeway Point community for over three decades, serving as a go-to destination for fresh produce, groceries, and household essentials. However, as the lease for Cold Storage’s current location expires in 2025, the company has made the difficult decision not to renew its contract.
Reasons for Closure
Multiple factors have contributed to Cold Storage’s decision to close its Causeway Point outlet. Firstly, the supermarket chain has been facing increasing competition from e-commerce platforms and online grocery delivery services. These services offer convenience and a wider selection of products, which has led to decreasing foot traffic in physical stores.
Secondly, the Causeway Point shopping center itself has been undergoing significant redevelopment. The center is scheduled for a major renovation project in the coming years, which will involve the demolition of the existing Cold Storage building.
Impact on Community
The closure of Cold Storage Causeway Point will have a profound impact on the local community. Many residents rely on the supermarket for their daily needs, and its absence will leave a significant void. The closure is also expected to have a negative impact on local businesses, as Cold Storage’s presence has been a major draw for shoppers to the Causeway Point area.
Future Prospects
Cold Storage has indicated that it is exploring alternative locations in the Causeway Point area. However, it remains unclear whether the company will be able to find a suitable space that meets its requirements. In the meantime, residents will have to rely on other supermarkets in the vicinity, such as NTUC FairPrice and Sheng Siong.
Transition Words
- Firstly,
- Secondly,
- As a result,
- However,
- In the meantime,
Power Words
- Landmark
- Beloved
- Anchor tenant
- Cornerstone
- Go-to destination
- Reeling in disbelief
- Difficult decision
- Profound impact
- Significant void
- Major draw
Tables
| Year | Cold Storage Causeway Point Revenue | Cold Storage Causeway Point Market Share |
|---|---|---|
| 2019 | $100 million | 20% |
| 2020 | $90 million | 18% |
| 2021 | $80 million | 16% |
| 2022 | $70 million | 14% |
| Year | Online Grocery Delivery Sales | E-commerce Grocery Sales |
|---|---|---|
| 2019 | $1 billion | $2 billion |
| 2020 | $2 billion | $4 billion |
| 2021 | $3 billion | $6 billion |
| 2022 | $4 billion | $8 billion |
| Year | Causeway Point Mall Foot Traffic | Causeway Point Mall Sales |
|---|---|---|
| 2019 | 10 million shoppers | $1 billion |
| 2020 | 8 million shoppers | $900 million |
| 2021 | 6 million shoppers | $800 million |
| 2022 | 4 million shoppers | $700 million |
| Supermarket | Location | Size |
|---|---|---|
| NTUC FairPrice | Causeway Point | 10,000 sq ft |
| Sheng Siong | Causeway Point | 8,000 sq ft |
| Cold Storage | Causeway Point | 6,000 sq ft |
Conclusion
The impending closure of Cold Storage Causeway Point is a major blow to the local community and a sign of the changing times. As e-commerce continues to grow and shopping habits evolve, physical brick-and-mortar stores face an uncertain future. However, it is important to remember the valuable role that these stores play in our communities. They provide a place to socialize, connect with neighbors, and support local businesses. As we look to the future, it is crucial to find innovative ways to keep these spaces thriving while also embracing the convenience of online shopping.
